New Jersey Real Estate License Exam Practice Question
Salesperson P leaves the employ of Broker A. One of the listings at Broker A's firm has agreed to list with Salesperson P at the new firm. In this instance the listing file
Correct Answer: B
Rationale: When a salesperson leaves a brokerage, any listings they were involved with remain the property of the original broker. Therefore, the listing file cannot be taken to the new firm, as it belongs to Broker A. This ensures that the broker maintains control over client relationships and contractual obligations.
Option A is incorrect because transferring the listing would violate the ownership rights of Broker A. Option C is misleading; while listings may be entered into the MLS, they cannot be transferred without the broker's consent. Option D is also incorrect, as giving the file to the seller would breach the contract terms and the broker's rights.
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